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If you’ve looked into purchasing a new car recently, we likely don’t need to tell you prices are plenty lofty. According to TrueCar.com’s data, the average selling price of a new car sold here in the U.S. last month was $30,748, marking an all-time record (last year’s figure was just $28,771). While buyers are currently looking toward smaller, less expensive and more fuel-efficient models, overall vehicle sales have jumped ahead of the rest of the slowly recovering economy. In addition, manufacturers are keeping production more in line with demand, resulting in significantly scaled-back incentives.

As a result, the average transaction price has inched skyward even in the face of an uncertain economy and escalating fuel prices. In addition, small cars now carry significantly more content than before and prices to match, and crossovers just keep getting more and more popular. Buyers have proven none too wary of optioning B and C-segment vehicles well above MSRPs typically seen on mid-sized fare, and used car fleets are thin, raising prices and pushing buyers toward new cars instead. According to CNW Marketing, consumers now routinely option a vehicle to within 86 percent of the fully loaded cost.

Average price of new car sales transaction hits $30,748, an all-time record

There have been plenty of rumors surrounding the fate of Lotus and its relationship with its longtime parent company, Proton. Some are saying that Dany Bahar has been axed as CEO, that the company is undergoing bankruptcy protection, and that its involvement in Formula One has drawn to a close. Lotus itself is hard at work quashing those rumors – attributing most to the people at Caterham – but among them we have some juicy tidbits of information regarding its arrangement with the Formula One team formerly known as Renault.

Having sold most of its stake in its team to Genii Capital, Renault reverted to an engine supplier role the year before last, and Group Lotus stepped in as title sponsor, which is an interesting relationship for an automaker to have with an F1 team that it does not own or run itself – and not dissimilar to the sponsorship arrangement Infiniti has with Red Bull Racing. The deal has Lotus holding branding rights, merchandising license and title sponsorship with the team.

As part of the arrangement, however, Proton granted Genii a £30 million ($48 million) loan against which Genii leveraged the team’s entire assets. So in addition to the 10 percent of the team which Proton has the right to buy at any time, it could take another 10 percent if Genii defaults on the repayment of its loan. But if Genii proves incapable of paying back Proton altogether, the Malaysian automaker could find itself in entire possession of a leading F1 team. Just what they’d do with it if it no longer owned Group Lotus, however, would remain to be seen. Scroll down for the full statement.

Continue reading Lotus reveals terms of Genii-Proton deal while hitting back at rumors

Lotus reveals terms of Genii-Proton deal while hitting back at rumors

The production crew for Ron Howard’s Rush recently stopped by the Nürburgring to recreate Niki Lauda’s infamous Formula One crash during the 1976 Nürburgring GP. Lauda’s car suffered a catastrophic failure on the second lap, launching him into the guardrail and placing his crumpled machine in the path of Brett Lunger’s Surtees-Ford. The two collided and it wasn’t long before Lauda was trapped in burning wreckage. Lunger and a handful of other racers fought to pull Lauda from the flames. Those on hand succeeded in rescuing the Austrian, and while he lapsed into a coma and suffered disfiguring burns, he was back in the cockpit within two months.

Just before the race, Lauda had pressed for a boycott of the dangerous race. The area in which the crash occurred is now known as Lauda Links.

Rush will follow the volatile 1976 F1 season and two of the primary characters that defined the year: Lauda and James Hunt. Hit the jump to see bystander video of the stuntmen in action.

Continue reading Watch the filming of Niki Lauda’s ‘Ring crash for Ron Howard’s Rush

Watch the filming of Niki Lauda’s ‘Ring crash for Ron Howard’s Rush

When an automaker comes out with a two-door sportscar, you know what will come next: a roadster version. But while we haven’t heard anything from Toyota, its Scion division or its partner in crime Subaru on the prospect of a GT 86/FR-S/BRZ convertible, a California coachbuilder has stepped up to the plate with a concept version of its own.

The Scion FR-S Speedster concept you see here was worked up by Cartel Customs, a company with a history of chopping the roofs off of Scions. But while the lack of roof and chopped-down windscreen are what set it apart, Cartel hasn’t stopped there. The aftermarket outfit also installed a giant 61-inch rear wing and upgraded the suspension, brakes, rolling stock, exhaust and clutch, and gave the open cockpit a hot rod-style retrofit, too.

Although this appears to be a one-off chop-job, the fact that it’s set to kick off the festivities at the Toyota-sponsored Long Beach Grand Prix CART race this weekend has us raising an eyebrow like Cartel Customs has raised the roof on this beauty you can check out in greater detail in the high-res image gallery.

Cartel Customs to showcase Scion FR-S Speedster at Long Beach

Hot on the bumpers of the New York Auto Show, the oddball Mercedes-Benz G-Class officially shows its ever-so-slightly redesigned face to the world. As we’ve discussed previously, it looks a whole lot like last year’s model, but distinguishing tweaks outside include the dashes of LEDs underneath the headlights and new side mirrors.

The momentous advances have come inside and under the hood. The 612-horsepower, 738-pound-foot twin-turbo V12 G65 AMG is now a reality along with a 544-hp, twin-turbo V8 G63, both of them sitting above a naturally aspirated 5.5-liter V8 in the carryover G550 (the G500 in Europe) and a diesel V6 in the Bluetec G350. Don’t get your hopes up for that G65, though – Mercedes-Benz has confirmed to Autoblog that the V12 monster will not be coming to the United States.

Inside, the dash and console get a thorough resculpture, with bezeled dials in the cluster and discrete control pods replacing the flat planes in the previous model. Additional comfort and luxury options can be checked if one wishes for radar-based cruise control, Blind Spot Assist and Parktronic. The ESP programming has even been reworked to play nicely with trailers.

The 2013 G-Class will be available at European dealerships in June with U.S. sales to follow in August. Prices for our market haven’t been released just yet, but we do know that the European version will start at €85,311 for the G350, which we also won’t get (along with the cabriolet models). The current G550 starts at $107,000, so you should plan on adding a few grand to that to get in the 2013-model-year’s big, square door.

Scroll down to read all about the new G-wagen models and have a gander at the new celebrity hotness in the high-res gallery above.

Continue reading Mercedes introduces 2013 G-Class, including 612-HP G65 AMG

Mercedes introduces 2013 G-Class, including 612-HP G65 AMG

According to at least one unnamed source, Audi’s purchase of Ducati is as good as done. Reuters reports that Audi has taken a good hard look at Ducati’s books and found “no major stumbling blocks.”

Another source says Ducati’s largest shareholder, Investindustrial, has agreed to discuss the cyclemaker’s sale to no one but Audi.

Volkswagen’s annual shareholder meeting is April 19 and an announcement concerning Audi’s purchase of Ducati could come before then. Italian newspaper Corriere della Sera has reported that Audi’s bargaining exclusivity rights will expire April 15, at which point Investindustrial will then be free to shop around for a Ducati buyer.

Audi to announce Ducati acquisition next week?

Long, long ago, when we first put our grubby hands on a driver’s license, someone passed on a bit of sage wisdom: in the wrong hands, a car can be more dangerous than any gun. The video after the jump is a keen reminder of this fact. Autoblog reader Vasiliy tells us the individual in the kamikaze SUV seen here allegedly brought his new purchase back to the dealership to have a faulty shock replaced. When the dealer refused to do the work, the man decided to take the issue into his own hands by ramming his Suzuki through the front glass and into multiple Nissan vehicles parked in the showroom.

While we would never condone property damage or putting innocent bystanders in danger, we suspect replacing the shock would have been significantly cheaper for all parties involved. There’s no word on any injuries or damage estimates – or what happened to our intrepid show room demolisher once the local law enforcement caught up with him, but we’re guessing a poor-handling Grand Vitara is now the least of his concerns. Scroll down to watch the security camera footage for yourself.

Continue reading Watch an angry customer intentionally ram his vehicle into a car dealearship

Watch an angry customer intentionally ram his vehicle into a car dealearship

Don’t Get Too Attached To This Larger Allroad

As an American living in Italy, there are often entire month-long stretches where I drive nothing but European cars that will sadly never come out to play on American soil. Such is the case for the abundantly adored Audi A6 Allroad Quattro seen here. I was initially of the assumption that since the A4 Allroad had already been confirmed for the U.S. that the A6 Allroad would be coming as well, but I am dismayed to report otherwise.

Such a pity, too. The business case for giving North America the whole range of Audi models that Germany offers apparently just doesn’t pan out financially – and for some of us, it’s the old predictable story of unrequited love across the chilly Atlantic.

Team Ingolstadt brought me into their home in Neckarsulm just north of hilly Stuttgart for this drive through the area’s precisely cultivated fields of hops. The aroma of beer is everywhere here, which may go some way toward explaining just why the new A6 Allroad felt so good under and around me as we freight-trained along the Swabian two-lanes.

Continue reading 2012 Audi A6 Allroad Quattro biturbo diesel

2012 Audi A6 Allroad Quattro biturbo diesel

High gas prices burning through your checking account faster than a Bugatti Veyron through premium? At least one analyst says the pressure might drop soon. Patrick DeHaan, senior analyst for gasbuddy.com thinks fuel prices have peaked for the year, with the national average sitting at $3.92 for the last week. According to USA Today, DeHaan expects average national gas price to fall to $3.70 before May.

If you’re the type to send Thank You cards, keep in mind all those Toyota Prius owners who have sacrificed driving pleasure for greater fuel economy, and the leadership in Iran who have kept things kind of quiet over there for a few days. Depending on your political bent, you can also thank either the Democrats and/or Republicans for fostering a slow economy. All those elements contributed to lower oil prices and, in turn, lower gas prices. In contrast, the Federal Energy Administration is still predicting a $4.01/gal peak next month.

Either way, don’t rush out and buy that gas-guzzling supercar just yet. Any number of factors could send fuel prices flaring. Meanwhile, enjoy your cheap, $3.92/gal regular while it lasts.

Analyst suggests gas prices may have peaked at $3.92/gal

A few years ago, we brought you a report on the speculative values of Pagani supercars. Whether as investments or frivolous purchases, those with the means, it seemed, were paying well above list price to get their hands on one of the rarest supercars on (or off) the market. But that was just as the world was on the brink of financial collapse. Surely with the global economy still in the drink years later, nobody’s paying those kinds of figures for something as extravagant as an exotic supercar… right?

Wrong. In fact, it seems, the value for Pagani models has only gone up. According to Evo magazine editor-in-chief (and Zonda owner) Harry Metcalfe, buyers with the means are paying as much as double the already grandiose list price to get their hands on a Zonda or Huayra. Apparently the white Huayra that Pagani displayed at the Geneva Motor Show never reached the Middle Eastern buyer who ordered it a year prior and was supposed to take delivery after the show, having flipped it to another buyer who was willing to pay him an astounding 1.8 million euros for the car. That’s $2.35 million in American greenbacks, or twice the 900,000 euro ($1.18m) list price.

Think that was an isolated incident? Hardly. A Zonda F Roadster (said to be the last ever made), a 2008 Zonda F coupe and a used Zonda C12S were all, according to Metcalfe’s sources, recently sold for double their MSRPs. So if you’ve been scrimping and saving every dime to get your hands on a Pagani, better keep saving.

Pagani supercars selling for double their million-dollar list prices?

Early reports are filtering in this morning of an explosion at a General Motors Technical Center battery research lab in Warren, Michigan. According to The Detroit News, a battery exploded injuring one or two people.

According to the report, Warren’s fire department received a call at around 9AM this morning, only to find two injured and “a small fire” stemming from the explosion. A General Motors spokesman apparently put the number of injured parties at one, so there is still some confusion about the number of people affected by the incident at this point.

A HAZMAT team was dispatched to the Tech Center and the building has been evacuated, with all employees accounted for. Detroit NBC affiliate WXYZ is on the scene with a live feed that you can watch here. The extent of the injuries and damage, along with what caused the explosion, are not immediately clear, but we will have more details as they become available, so stay tuned.

*UPDATE: Video added after the jump.
** UPDATE: In a statement added after the jump, GM now says the explosion was caused by “extreme testing of a prototype battery” that is “unrelated to the Chevrolet Volt or any other production vehicle.”

Continue reading Battery explodes at GM Tech Center research lab, one or more injured *UPDATE

Battery explodes at GM Tech Center research lab, one or more injured *UPDATE

According to a report from Car and Driver, documents submitted to the California Air Resources Board and to the National Highway Transportation Safety Administration both point to a new arrival in the Fiat 500 line: a turbocharged hatch called the 500T Sport. The NHTSA document was a key for decoding a car’s VIN, the “500T Sport” moniker appearing in the Series classification. The CARB paperwork approved California’s certification of a boosted 1.4-liter engine for an unnamed Fiat product, along with the the Dodge Dart and 500 Abarth, which use the same engine.

There is currently a 59-horsepower spread between the 500 and the 500 Abarth, as well as a $6,500 difference in MSRP, which is a chasm offering plenty of space to mine a middle model.
C/D figures the 500T Sport will put out something around 130 hp and debut sometime over the next year, and a fan site, Fiat500USA, has found pics of what might be the car we’ll get.

Gov’t. documents suggest Fiat readying 500T turbo and Abarth convertible

Because new wheels ain’t cheap, and spray paint isn’t permanent enough, Foliatec offers vinyl color in a can.

For only about $65 (plus shipping from Germany) a can, any kustom kar owner can get all fast-and-furious on their wheels, mirrors, bumpers, vinyl tops, dashboards, ex-girlfriends, etc. – pretty much anything metallic or plastic.

Foliatec says the “rubber-like coat” is fairly durable and protects whatever it covers. And when you tire of looking like a Vin-Diesel-wannabe, the street-racer “green silky matt” easily peels off to instantly return $500 to the resale value of your pocket rocket. Or choose one of the other two spray vinyl colors available: anthracite metallic and black matt. Either should last you well into your mid-20s.

Spray-on vinyl is “Fast and Furious” in a can

History has a way of aggrandizing the fallen, but few drivers have been as dearly missed as Gilles Villeneuve. Renowned for his ability to wrestle blistering lap times – often sideways – out of some of the most difficult cars to handle, the French Canadian driver remains a fan favorite to legions of Formula 1 fans and tifosi the world over.

Tragically, Gilles died in a crash while qualifying for the Belgian Grand Prix in 1982. With the thirtieth anniversary of his death coming up, Ferrari is planning a tribute event at its Fiorano test track in Maranello that will reunite the Villeneuve name with the Scuderia to which he gave his life.

On May 8, Gilles’ son Jacques Villeneuve will pilot the Ferrari 312 T4 that his father drove to three victories and four second-place finishes to help Ferrari secure the constructors’ title and his teammate Jody Scheckter the drivers’ title.

It may prove the first time in Jacques’ career that he’ll drive a Ferrari F1 car. A former world champion himself, Jacques had reportedly been offered a seat at Ferrari after winning the title in 1997, but turned it down to pursue the opportunity to build up the British American Racing team that would later be taken over by Honda, win the title as Brawn GP and rebrand itself under the Mercedes banner under which it races today.

Continue reading Ferrari and Jacques Villeneuve to commemorate 30 years since Gilles Villeneuve’s death

Ferrari and Jacques Villeneuve to commemorate 30 years since Gilles Villeneuve’s death

As unlikely a rivalry as it might seem, Peugeot has set its sights on Audi. The French automaker may not be going after Audi at Le Mans anymore these days, but its RCZ sports coupe is still eagerly pursuing the Audi TT with the same vigor it has shown since launching two years ago. To take the fight home to Audi’s home territory, Peugeot has launched a special-edition RCZ available exclusively in Germany.

Called the Brownstone edition, the special RCZ gets a metallic brown paint job with silver racing stripe, black trim and 19-inch burnished alloys. Inside, the Brownstone is also all brown, with Cohiba leather and Alcantara trim. The special edition also bundles the Sport, Comfort and Xenon packages together into one, and is powered by a 1.6-liter 156-horsepower turbo four. Only 150 examples will be made available for German buyers for €32,650 – equivalent to about $42k at today’s exchange rates.

Peugeot aims for Audi’s heartland with RCZ Brownstone edition

It’s not much of a stretch to imagine plonking down the six figures it would take to drive home in a Rolls-Royce Phantom Drophead Coupe, assuming your pocketbook were so well endowed. After all, when it comes to boulevard cruisers, it doesn’t get much more luxurious. That’s what most might do, but Roland Hall is not most people. Instead of simply dropping by the local Rolls dealer and ordering his DHC, he commissioned Pininfarina to build him something more unique.

The result was the the Hyperion – a one-off Rolls-Royce convertible penned by no less regarded a talent than Jason Castriota. The car was rumored to be up for sale off and on, but has now popped up at a showroom in Abu Dhabi where it is for sale at an undisclosed price. Previous reports put its MSRP at around $6 million, and if anyone has that kind of scrap to blow on the ultimate status symbol, they probably live nearby.

Rolls-Royce Hyperion for sale at Abu Dhabi showroom

Jeep has a knack for creating some of the concept world’s most lustworthy creations, and they are made all the more desirable by their functionality. This year, the star of the Easter Jeep Safari was the company’s Mighty FC Concept. Penned as tribute to the old Willys Forward Controls of yore, the Mighty FC boasts high-dollar portal axles and a cab-forward design.

Motor Trend caught up with the big blue machine as it lumbered around the desert this year with Mark Allen, head of Jeep design, behind the wheel. Allen took the time to explain some of the challenges behind bringing the Mighty FC to life as well as the origins of some of the components on board.

As it turns out, Jeep used a snowboard bag for the seat inserts and arm rests. With a cab lifted straight from a standard Wrangler, engineers had to come up with some steering trickery to make sure the vehicle drove like a standard SUV instead of a school bus.

MT even found an old-school Forward Control to bomb around in for a spell as well. Very cool. Hit the jump to see the video for yourself.

Continue reading Watch the Jeep Mighty FC concept crawl all over Moab

Watch the Jeep Mighty FC concept crawl all over Moab

The Toyota RAV4 is due for a major update, having last been redesigned for the 2006 model year. Yes, it’s gotten some tweaks since that time, but the compact crossover market is an ever-evolving place filled with tough competition from around the globe, and Toyota needs the RAV4 to maintain its hard-fought market share.

According to our spy photographers, the RAV4’s next redesign is right around the corner. Judging from these photos, it would appear that Toyota is keeping its little ‘ute to the confines of pavement – a wise decision, as vehicles of this ilk never venture very far off the beaten path. That said, the sharply angular lines of this new model’s head and taillamps bring its styling more in line with the latest Camry and Avalon sedans while still putting its occupants over the heads of shorter machinery.

Rumors suggest that the 2013 RAV4 will enter production in the fall of ‘12, powered by a range of four-cylinder engines and possibly a hybrid. We’d be a bit surprised if the automaker’s 3.5-liter V6 weren’t available, as well. See the spy shots for yourself in our high-res image gallery above.

Are you the next Toyota RAV4?

If you’re anything like us, you likely have more than a few remote controlled cars collecting dust in the basement. Instructables.com has taken the time to show us just what can be accomplished with a little time and motivation using those machines and some low-buck electronics. Namely, your own battery-powered autonomous machine.

Randy Sarafan has worked up a step-by step instruction manual for creating a basic robot capable of sensing and avoiding obstacles of its own accord. While basic, the platform allows for greater customization, including more complex logic and the addition of an array of sensors.

Sounds like a good time to us. You can click past the jump to check out a video of Sarafan’s machine or head over to Instructables.com for the full briefing. If you get crazy with your own R/C collection, be sure to drop us a line and show us what you came up with.

Continue reading Learn how to turn an R/C car into an autonomous vehicle

Learn how to turn an R/C car into an autonomous vehicle

Formula One has many homes: the Formula One Management company that controls its commercial aspects is based in London, the FIA that governs its sporting aspects is based in Paris, and you’d certainly have a point to make if you asserted its spiritual home was in Monaco. But none of these places are where its stakeholders are looking to float its Initial Public Offering. No, that place is Singapore.

CVC Capital Partners – the investment group that owns the majority of Formula One – has been toying with floating an IPO on the Singapore Stock Exchange for several weeks now, and according to reports is gearing up for the move. Both Bloomberg and Reuters are expecting that the stock issue would constitute about 20% of the business, likely to come mostly out of CVC’s end which amounts to 63.4 percent, and not that of its manager Bernie Ecclestone whose stake comes to 5.3%. (Lehman Brothers holds another 15.3%, Ecclestone’s ex-wife Slavica owns 8.5%, with the remaining 7.5% divided up between various minority investors.)

With the overall value of the business estimated at $10 billion, the 20% tipped to be offered on the open market is expected to bring in $2 billion in capital for its sellers, however CVC could opt for the minimum 15% to raise $15 billion. So… why Singapore? The vital Asian business capital has apparently been chosen to help F1 drum up support in the Far East, a region where grands prix are held in Malaysia, China, Japan, South Korea and Singapore itself.

CVC gearing up to sell 20% of Formula One with $2B Singapore IPO